Jury Verdict Research released a study a number of years ago that found that the median compensatory award for product liability cases involving transportation products is $3,000,000. This is almost twice the median jury award in product liability cases of $1,531,961.
JVR breaks it down a little further with more specific median verdicts:
- Industrial & Construction Product Liability Lawsuits: $1,254,180
- Medical Products Liability Lawsuits: $1,254,180
- Commercial Products Liability Lawsuits: $725,00
- Consumer Products Liability Lawsuits $279,309
While these verdicts are high – and the average product liability verdict is much higher – the key is getting a jury verdict. Product liability cases are tough. You have to fight every step of the way, and you – typically “you” refers to the attorney – need to risk a lot of money, sometimes well in excess of six figures, in hopes that you will get a good verdict or settlement.
We are reviewing both individual and class action product liability lawsuits throughout the country. If you want to discuss your case or get information on a particular class action lawsuit pending, call us at 800-553-8082 or click here for a free Internet consultation.